Sydney’s city skyline is set to welcome a dazzling new addition, as work officially kicks off on the 50-storey glass skyscraper known as Quay Quarter Tower.

The tower, which will be located at 50 Bridge Street, is part of a $2.7 billion development project from super fund Rest and will take a $900 million stake in the tower on its completion AMP Capital has planned for a 11,000-square-metre Quay Quarter Sydney precinct, just near Circular Quay, delivering 97,000 square metres of space in total. AMP will take up an anchor tenancy of 36,500sqm in the building. The precinct which covers 11,000 square metres of prime real estate overlooking Circular Quay and will be made up of residential space, shops, restaurants, cafes and bars.

The building clocks in at a soaring 200-metres tall and is designed by Danish architects 3XN. And, if plans are anything to go by, it’s set to be one impressive-looking tower, featuring five “shifting glass volumes” set on top of each other, with atrium space and some cracking views across the Harbour and allow more daylight into the office floors.

A green space will be established at the base along with 5000sqm of lifestyle, services, food and dining retail. Early building work is underway on the project and if all goes to plan, it’s expected to be completed by late 2021.

According to the Sydney Morning Herald, Quay Quarter Tower is just part of an estimated $4.8 billion worth of projects currently being built around the CBD.

“Sydney’s city skyline is set to welcome a dazzling new addition, as work officially kicks off on the 50-storey glass skyscraper known as Quay Quarter Tower.”

Pictured above features a CGI creation of what the Quay Quarter Tower will look like upon completion. The project is expected to be completed by 2022.